What is the r-value for this set of data

Assignment Help Operation Management
Reference no: EM13904553

The Cocoa Bean sells hot chocolate during the year and knows that sales increase as temperature drops. This is shown in the following table: Month AvgTemperature Sales January 18 196 February 20 191 March 45 183 April 60 150 May 75 122 June 82 104 July 80 92 August 91 65 September 81 111 October 65 143 November 42 166

1. What would the December sales forecast be if the average temperature that month was projected to be 25? (Round your answer to the nearest whole number.)

2. What is the r-value (correlation) for this set of data? (Round your answer to two decimal places.)

Reference no: EM13904553

Questions Cloud

What is the earned value of the work completed : You are the project manager of a home improvement project. One of the work packages in your plan called for painting 10 equally sized rooms. The budgeted cost of this work package was a total of $2,000. In your team meeting you are told that 6 of the..
Potential negative consequences of its products : How can Monsanto best fulfill this moral obligation while also protecting society and the environment from the potential negative consequences of its products?
Evidence presented regarding hand washing behaviors : Review the evidence presented regarding hand washing behaviors (or the lack thereof). Report results based on the way the data were obtained. What accounts for the differences in survey, observational, and mechanical-based studies? Do a little resear..
Daily routine of housekeeping management : Daily Routine of Housekeeping Management-Why is the Night Clerk's Report to Housekeeping so important to the operation of the department? What is the sequence of events that follows from the information on the night clerk's report? How do we resolve ..
What is the r-value for this set of data : The Cocoa Bean sells hot chocolate during the year and knows that sales increase as temperature drops. This is shown in the following table: Month AvgTemperature Sales January 18 196 February 20 191 March 45 183 April 60 150 May 75 122 June 82 104 Ju..
Determine the amount of the various inventory type : The annual demand for a product is 180,000 units with a daily standard deviation of demand of 90. The cost to place an order is $750 and holding one unit in inventory costs $15 a year. Develop continuous and periodic policies for this product. Determ..
The supplier bargaining powers : The supplier bargaining powers, and rivalry among competing seller of Westlake Chemical Company strong or week, explain why?
Shippers and carriers mitigate their impact on environment : Sustainability and the environment have captured the attention of ordinary citizens and also of shippers and carriers. What is the nature of the concern? How can shippers and carriers mitigate their impact on the environment?
Compute the first quartile the third quartile : Compute the first quartile the third quartile and the interquartile range.List the five-number summary.Construct a boxplot and describe its shape.

Reviews

Write a Review

Operation Management Questions & Answers

  Discuss what makes contracts difficult

Many times we have a contract in front of us and we merely scan it and then sign it. Discuss what makes contracts difficult to read or comprehend.

  Explain investments in expatriate managers are worthwhile

explain whether investments in expatriate managers are worthwhile for such organizations.

  How many passengers with misplaced luggage

If 1 million passengers pass through the St. Louis Airport with checked baggage each month, a successful Six Sigma program for baggage handling would result in how many passengers with misplaced luggage?

  Risk assessment methodologies

Compare and contrast the following risk assessment methodologies: (a) the Delphi technique, (b) sensitivity analysis, and (c) Monte Carlo simulation. Provide a rationale for your response.

  A strategy for overcoming the challenge

A strategy for overcoming the challenge based on outside research, the textbook, and concepts discussed during your degree studies. Writing the Final Paper

  Which shipping alternative would you recommend

Three hundred and ninety boxes are to be shipped, and each box has a price of $154. Which shipping alternative would you recommend? Shipper A option 2 days= $ ? Shipper B option 2 days= $ ?

  Monitor the number of returns per week-mean and range chart

Which control chart would you use if you want to monitor the number of returns per week at our Macy's store?

  Compute the take times for a system

Compute the take times for a system where the total time per shift is 570 minutes, there is one shift, and workers are given two 14-minute breaks and 35 minutes for lunch. Daily demand is 392 units.

  What type of financial ratio might provide insight concern

The auditor has expressed concerns about the company's ability to pay its bills as they are due. What type of financial ratio might provide insight into this concern?

  Create a chart that shows the pros and cons management style

Create a chart that shows the pros and cons of each management style. Is one particular style best in all situations? Why, or why not? Give an example.

  Each questions response should be 100-150 words in length

each questions response must be 100-150 words in length and include at least 1 academic resource.1. define corporate

  Determine an optimal assignment of cases to lawyers

Determine an optimal assignment of cases to lawyers such which each junior partner receives a different case also total hours expended by firm is minimise.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd